Rental Expense?

A full-time Aussie, and still paying US taxes?

To the extent your trip was dedicated to inspection, maintenance and or administration of the rental properties, the answer is, "Yes."

But the IRS is not going to be unaware of the probability that you conducted other activities in your self-interest, during your visits back to the States. So it would be prudent to allocate the expense in a reasonable manner, to reflect the mixed purposes.

Bill

1. Yes, still paying US taxes as a temp resident of AU; they get you everywhere, as do the Aussies, if you were a citizen here.
2. As for the rental inspection, I mean, technically, how does one proportion this if one visits the house, checks comparables in the newspaper, spends only maybe 2 hours of a 14-day trip? Get a percentage from 2 hours of 14 days?!?!?! Man, the flight alone takes a day! And you need recovery time. And what about costs? A business class ticket costs K? Are there limits? These seems like an excessively gray area, no? Are their any specifically worded regs?

========================================= MODERATOR'S COMMENT: please trim the post to which you are responding

Do you actively manage these rental properties? When you are in the US, what percent of your time is actually used to manage these properties?